Seuss, I don't know if you've been around long enough to remember a stock called Diana, symbol DNA, but I shorted that, BIG TIME. Knew I was right, swore I was right, and I was right, but I lost huge $$$ because of a short squeeze the likes of which I have rarely seen. Since then I don't short. I can do ok on the long side, and know where my losses can be. If I hadn't been so burned then I'd still be shorting, but once burned and scarred, one rarely plays in fire again!
BTW: DNA, subsequent to my covering on its intra-day all time high, went to zero, was delisted and disappeared into the black hole of stocks that are frauds and phoneys.
I would love to know how you knew what you did about this company, but suffice it to say, you hit the ball out of the park! |
